Mattel Inc /de/ (MAT) Files Form 4 Insider Selling : Dean A Scarborough Sells 7,294 Shares

Mattel Inc /de/ (MAT): Dean A Scarborough , director of Mattel Inc /de/ sold 7,294 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $30.56 per share for a total value of $222,904.64 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 9, 2016, Jean Gabriel Zalzman (EVP, Chief Comm Officer -Int’l) sold 7,711 shares at $31.75 per share price.On Feb 9, 2016, Susan R Lecker (EVP, Chief Brands Off-Toy Box) sold 760 shares at $31.73 per share price.Also, On Feb 8, 2016, Steve Totzke (EVP, Chief Comm Off-N America) sold 4,786 shares at $32.94 per share price.On May 21, 2015, Dean A Scarborough (director) purchased 18,400 shares at $25.67 per share price.

Shares of Mattel (MAT) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -0.71% at $30.6 with 24,32,866 shares getting traded. Post opening the session at $30.73, the shares hit an intraday low of $30.34 and an intraday high of $30.87 and the price vacillated in this range throughout the day. The company has a market cap of $10,418 M and the number of outstanding shares has been calculated to be 34,04,45,770 shares. The 52-week high of Mattel is $34.76 and the 52-week low is $19.445.

Mattel Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mattel is Initiated by JP Morgan to Overweight and the brokerage firm has set the Price Target at $38. The Rating was issued on Apr 7, 2016.Mattel is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.Mattel is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $26 .The Rating was issued on Apr 5, 2016.Mattel is Initiated by UBS to Buy and the brokerage firm has set the Price Target at $36. The Rating was issued on Mar 24, 2016.Mattel is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $25 .The Rating was issued on Mar 4, 2016.

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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